KAMA BORIUS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KAMA BORIUS
Largest movements
- Cash -€35,956
down €35,956 (-7.6%), from €471,087 to €435,131
mainly Contributions, distributions and other (-€150,000) and Trade debts (-€2,510)
- Receivables within one year -€25,772
down €25,772 (-22.3%), from €115,366 to €89,594
of which Trade receivables: -€23,151
- Profit (loss) carried forward -€62,210
down €62,210 (-15.0%), from €415,743 to €353,533
- Gross operating margin +€4,452
up €4,452 (+4.1%), from €108,726 to €113,178
- Financial income +€2,652
up €2,652 (+87.0%), from €3,047 to €5,699
- Taxes +€1,913
up €1,913 (+7.0%), from €27,512 to €29,425
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €721,074 | €660,933 | -€60,142 | -8.3% |
| Fixed assets | 21/28 | €3,169 | €3,136 | -€34 | -1.1% |
| Intangible fixed assets | 21 | €1,035 | €635 | -€400 | -38.6% |
| Tangible fixed assets | 22/27 | €2,134 | €2,500 | +€366 | +17.2% |
| Plant, machinery and equipment | 23 | €1,805 | €2,281 | +€476 | +26.4% |
| Other tangible fixed assets | 26 | €329 | €219 | -€110 | -33.3% |
| Current assets | 29/58 | €717,905 | €657,797 | -€60,108 | -8.4% |
| Stocks and contracts in progress | 3 | €130,140 | €131,667 | +€1,527 | +1.2% |
| Stocks | 30/36 | €130,140 | €131,667 | +€1,527 | +1.2% |
| Amounts receivable within one year | 40/41 | €115,366 | €89,594 | -€25,772 | -22.3% |
| Trade receivables | 40 | €106,302 | €83,151 | -€23,151 | -21.8% |
| Other amounts receivable | 41 | €9,063 | €6,443 | -€2,621 | -28.9% |
| Cash at bank and in hand | 54/58 | €471,087 | €435,131 | -€35,956 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,312 | €1,405 | +€93 | +7.1% |
| Total equity and liabilities | 10/49 | €721,074 | €660,933 | -€60,142 | -8.3% |
| Equity | 10/15 | €441,163 | €378,953 | -€62,210 | -14.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,420 | €5,420 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,420 | €5,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,420 | €5,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €415,743 | €353,533 | -€62,210 | -15.0% |
| Amounts payable | 17/49 | €279,911 | €281,979 | +€2,068 | +0.7% |
| Amounts payable within one year | 42/48 | €279,911 | €281,979 | +€2,068 | +0.7% |
| Trade debts | 44 | €129,411 | €126,901 | -€2,510 | -1.9% |
| Suppliers | 440/4 | €129,411 | €126,901 | -€2,510 | -1.9% |
| Advances received on contracts in progress | 46 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €4,578 | +€4,578 | |
| Taxes | 450/3 | - | €4,578 | +€4,578 | |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,403 | €1,068 | -€335 | -23.9% |
| Other operating charges | 640/8 | €598 | €593 | -€5 | -0.8% |
| Gross operating margin | 9900 | €108,726 | €113,178 | +€4,452 | +4.1% |
| Operating profit (loss) | 9901 | €106,725 | €111,517 | +€4,792 | +4.5% |
| Financial income | 75/76B | €3,047 | €5,699 | +€2,652 | +87.0% |
| Recurring financial income | 75 | €3,047 | €5,699 | +€2,652 | +87.0% |
| Financial charges | 65/66B | €45 | -€0 | -€45 | |
| Recurring financial charges | 65 | €45 | -€0 | -€45 | |
| Profit (loss) for the period before taxes | 9903 | €109,726 | €117,215 | +€7,489 | +6.8% |
| Income taxes | 67/77 | €27,512 | €29,425 | +€1,913 | +7.0% |
| Profit (loss) for the period | 9904 | €82,215 | €87,790 | +€5,576 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,215 | €87,790 | +€5,576 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.